The Option element can only occur within a <SELECT> element. It represents one choice, and can take these attributes:

SELECTED
Indicates that this option is initially selected.

VALUE
When present indicates the value to be returned if this option is chosen. The returned value defaults to the contents of the Option element.

The contents of the Option element is presented to the user to represent the option. It is used as a returned value if the VALUE attribute is not present.

<INPUT> Form Elements Overview <SELECT>